CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: Perspective who wrote (9812)	1/15/2009 10:54:25 AM
From: skinowski	Read Replies (3) of 41554

Interesting point here... SPY/SPX retraced just about 62% of the Dec-Jan rally. Question - are we finishing W 1 of 5 down, or... are we due for yet another big swing up before the 4th is over? This is a spot to watch it closely, imo. Oil - USO 15-30 min -- the spike which occurred late on Jan 8 is quite likely the point "b" of the decline, and what followed looks a lot like an ED, presently in its late stages. May play out today - tomorrow. Also worth watching.

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